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FRED PLAIR, PRESIDENT OF URBAN DEVELOPMENT UTILITIES <br />APPEARED TO REQUEST THE BOARD'S APPROVAL TO INCREASE RATES <br />FOR SEWER AND WATER. THE BOARD INFORMED MR. PLAIR THAT A <br />CERTIFIED AUDIT OF .THEIR BOOKS MUST BE PRESENTED AND THATA <br />PUBLIC HEARING IS NECESSARY, <br />MR. PLAIR PRESENTED TO THE BOARD OF THEIR REVIEW, <br />A CERTIFIED AUDIT OF HIS BOOKS, <br />WALLACE MCCORMICK OF FARMERS HOME ADMINISTRATION STATED <br />THAT THE F.H.A. WILL TENTATIVELY APPROVE A LOAN IF A NUMBER OF <br />CONDITIONS ARE MET. MR. MCCORMICK STATED THAT THEY ARE WORKING <br />IN THE RED AND DO NEED A RATE INCREASE. <br />ON MOTION BY COMMISSIONER BOGOSIAN, SECONDED BY <br />COMMISSIONER SIEBERT, THE BOARD UNANIMOUSLY AUTHORIZED THE ADVERTISING <br />FOR A PUBLIC HEARING TO BE SCHEDULED FOR JULY S, 1973 AT 3 O'CLOCK <br />FOR A RATE INCREASE FOR URBAN DEVELOPMENT UTILITIES. <br />THE FOLLOWING LETTER, AT THE REQUEST OF THE BOARD, <br />IS HEREBY BEING MADE A PART OF THESE MINUTES. <br />-33- <br />9 <br />:8001 IT# r 78 <br />